Monday 6 December 2021

“Opening of the market would bring down the price of fuel”: Renault Manager

Fuel prices are quickly rising to the historic levels of seven years ago, with the seventh consecutive price increase this year ready to take effect before the end of the month

Paying the bills


Costa Rica’s national parks are not going to be sold on the New York Stock Exchange

QCOSTARICA. #DEBUNKED. It is not true that Costa Rica's...

Latin America backslides two decades in extreme poverty as a result of the pandemic

Q REPORTS - The COVID-19 crisis generated a two-decade...

Container crisis hits street vendors

QCOSTARICA - The shipping container crisis that is not...

State payroll increased by 100,000 people in 15 years

QCOSTARICA - The State payroll in Costa Rica grew...

Costa Rica becomes an international benchmark for migratory model for labor in the agricultural sector

QCOSTARICA - Costa Rica became an international benchmark due...

Wingo launches international transportation service for pets

Q TRAVEL - For many, traveling with their pet...

Coronavirus: Next pandemic could be worse, warns AstraZeneca creator

A future new pandemic threatens to be "worse" than...
Paying the bills


QCOSTARICA – Fuel prices in Costa Rica has very high, close to the historical record from seven years ago, when Costa Ricans paid ¢816 per liter of super gasoline, according to data from the Refinadora Costarricense de Petróleo (Recope), Costa Rica’s refinery which refines nothing.

Fuel prices are quickly rising to the historic levels of seven years ago, with the seventh consecutive price increase this year ready to take effect before the end of the month

Today Super gasoline is at ¢749 and Plus 21 (regular) at ¢725 per liter.

Using today’s reference exchange rate set by the Central Bank and converting liters to US gallons, Costa Ricans are paying US$4.69 for super and US$4.54 for regular.

- Advertisement -

We have asked different experts on the subject of the automotive industry about this affectation and possible solutions.

José Andrés Montalto, general manager of Renault in Costa Rica gave us his point of view.

“The opening of the market (competition) is logically the solution that would bring the cost of fuel down, hand in hand with the elimination of a lot of taxes that fuel has,” said Montalto, who assures that he sees this solution becoming a reality.

And it is precisely that the Recope has a monopoly on the importation and commercialization of crude oil derivatives in the country.

Currently, the item that carries the greatest weight on prices is the international cost of crude oil, making up 44% of the total, in addition to tax on fuels that ranges between 29% and 36%, and the 7% operating costs of Recope, according to representatives of the state agency.

Varying the tax and operating costs could alleviate the pocketbooks of drivers.

- Advertisement -

Mixing ethanol in fuels to further reduce costs has been discussed over the last couple of years. In fact, Recope introduced, for a brief period, a mix of ethanol that was quickly withdrawn from the market to the “whenever” drawer.

“It is not recommended in the vehicle fleet that exists in Costa Rica. In South America, there are several countries with these mixtures but the cars are adapted for this. The injection system and other parameters change, therefore I do not see it as a good optio,” concluded Montalto.

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Two illegal gas stations sold ‘stolen fuel’

QCOSTARICA - The illegal sale of gasoline from one's patio, especially...

Another gas price hike approved!

QCOSTARICA - Get ready to pay even more for gas in...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.